Grayson County Property Taxes
The median property tax rate in Grayson County is 2.09%, which is significantly higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Grayson County at $177,813, the typical annual property tax bill reaches $3,777, exceeding the national median of $2,690. Property taxes in Grayson County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Grayson County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Sherman or another part of Grayson County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grayson County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.09%
Estimate Property Tax Bill
$3,716
$3,438
$1,148
Average Grayson County Tax Savings
Ownwell’s Grayson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Grayson with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Grayson to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also highlights how Ownwell can help lower property taxes in Grayson. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Grayson County, Texas
Property taxes in Grayson County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Grayson County is 2.09%, which is higher than both the Texas state median of 1.80% and the U.S. national median of 0.99%. Local government entities within Grayson County set these rates annually, and they can vary significantly between different areas within the county. Each year, Grayson County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Grayson County's effective property tax rate with other counties in Texas and the national median. For comparison, the city of Lull has one of the higher property tax rates in Texas at 2.65%, while the city of Savoy boasts one of the lowest at 1.05%. Analyzing how Grayson County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Grayson County Tax Rate
2.09%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grayson County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bells | 0.77% | 1.25% | 1.71% | 2.11% | 2.60% |
| Broaddus | 2.17% | 2.17% | 2.17% | 2.17% | 2.17% |
| Brooks Cb | 1.68% | 1.68% | 1.68% | 1.68% | 1.68% |
| Celina | 1.78% | 1.80% | 1.89% | 2.56% | 3.63% |
| Collinsville | 0.91% | 1.49% | 1.84% | 2.13% | 2.46% |
| Cordonville | N/A | N/A | N/A | N/A | N/A |
| Denison | 1.40% | 1.83% | 2.31% | 2.61% | 3.17% |
| Dension | N/A | N/A | N/A | N/A | N/A |
| Denson | N/A | N/A | N/A | N/A | N/A |
| Dorchester | 1.16% | 1.56% | 1.83% | 2.29% | 2.64% |
| Gainesville | 0.82% | 1.14% | 1.38% | 1.86% | 3.06% |
| Gordonville | 0.89% | 1.35% | 1.61% | 1.80% | 2.19% |
| Gunter | 1.12% | 1.68% | 2.08% | 2.58% | 3.29% |
| Howe | 0.36% | 1.44% | 1.79% | 2.35% | 2.69% |
| Knollwood | N/A | N/A | N/A | N/A | N/A |
| Lull | 2.65% | 2.65% | 2.65% | 2.65% | 2.65% |
| Pilot Point | 0.59% | 1.29% | 2.01% | 2.91% | 2.92% |
| Pottsboro | 1.06% | 1.42% | 1.73% | 2.12% | 2.46% |
| Sadler | 0.72% | 1.16% | 1.54% | 1.90% | 2.44% |
| Savoy | 0.64% | 0.76% | 1.05% | 1.51% | 2.16% |
| Sherman | 1.30% | 1.82% | 2.31% | 2.58% | 3.11% |
| Southmayd | 1.07% | 1.67% | 2.20% | 2.77% | 3.19% |
| Tioga | 1.28% | 1.73% | 2.11% | 2.56% | 3.39% |
| Tom Bean | 1.26% | 1.61% | 1.91% | 2.39% | 3.31% |
| Trenton | 0.46% | 0.57% | 1.07% | 1.31% | 1.58% |
| Van Alstyne | 1.38% | 1.75% | 2.14% | 2.67% | 5.50% |
| Whitesboro | 0.90% | 1.40% | 1.79% | 2.17% | 2.44% |
| Whitewright | 0.79% | 1.25% | 1.72% | 2.30% | 2.60% |
Source: Ownwell
$1,148
Average Grayson County Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Grayson County, Texas
In Grayson County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Grayson County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Grayson County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Grayson County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Celina has the highest median tax bill at $19,083, while Broaddus has the lowest at $509.
Average Grayson County Assessed Value
$177,813
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grayson County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bells | $46,193 | $99,225 | $208,718 | $373,254 | $559,220 |
| Broaddus | $23,479 | $23,479 | $23,479 | $23,479 | $23,479 |
| Brooks Cb | $62,738 | $62,738 | $62,738 | $62,738 | $62,738 |
| Celina | $412,676 | $721,658 | $1,017,556 | $1,177,240 | $1,241,035 |
| Collinsville | $44,065 | $113,882 | $201,543 | $309,102 | $535,536 |
| Cordonville | N/A | N/A | N/A | N/A | N/A |
| Denison | $44,966 | $91,464 | $151,614 | $241,950 | $386,817 |
| Dension | N/A | N/A | N/A | N/A | N/A |
| Denson | N/A | N/A | N/A | N/A | N/A |
| Dorchester | $38,632 | $50,200 | $61,435 | $193,682 | $523,860 |
| Gainesville | $129,250 | $248,998 | $345,847 | $466,928 | $620,616 |
| Gordonville | $21,992 | $45,206 | $103,130 | $175,152 | $364,105 |
| Gunter | $111,442 | $191,618 | $436,055 | $613,519 | $761,748 |
| Howe | $43,634 | $87,346 | $204,149 | $317,536 | $505,609 |
| Knollwood | N/A | N/A | N/A | N/A | N/A |
| Lull | $121,546 | $121,546 | $121,546 | $121,546 | $121,546 |
| Pilot Point | $6,262 | $8,159 | $141,834 | $276,762 | $597,835 |
| Pottsboro | $28,514 | $75,437 | $174,742 | $341,796 | $523,030 |
| Sadler | $39,085 | $83,032 | $168,690 | $326,528 | $555,424 |
| Savoy | $115,430 | $185,728 | $241,531 | $450,071 | $618,619 |
| Sherman | $44,493 | $110,174 | $176,472 | $277,469 | $392,926 |
| Southmayd | $25,017 | $48,266 | $73,388 | $139,296 | $208,426 |
| Tioga | $47,112 | $133,230 | $244,913 | $374,055 | $777,100 |
| Tom Bean | $22,746 | $114,199 | $187,878 | $266,713 | $345,409 |
| Trenton | $337,548 | $376,189 | $427,148 | $564,346 | $712,866 |
| Van Alstyne | $47,900 | $145,565 | $305,146 | $451,953 | $621,370 |
| Whitesboro | $56,929 | $111,844 | $181,921 | $305,090 | $479,987 |
| Whitewright | $46,116 | $118,144 | $206,582 | $323,800 | $542,504 |
Source: Ownwell
$1,148
Average Grayson County Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Grayson County, Texas
In Grayson County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the county appraisal district. The median home price in Grayson County is $177,813. Homeowners can expect varying tax bills, with the 25th percentile at $2,021 and the 75th percentile at $6,173, while the 90th percentile reaches $9,033. These figures highlight the significant impact property taxes can have on homeowners' finances. Factors influencing the tax bill include the assessed property value and the local tax rate. For comparison, the national median property tax rate is 0.99%. Ownwell assists homeowners in Grayson County by providing expert property tax appeal and exemption services. Our team works to ensure that your property is fairly assessed, potentially lowering your tax bill. By leveraging our expertise, you can save on property taxes, ensuring you only pay your fair share. This service is particularly beneficial given the wide range of tax bills in the county, from as low as $509 in Broaddus to as high as $19,083 in Celina.
Average Grayson County Tax Bill
$3,777
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Grayson County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bells | $678 | $1,678 | $3,406 | $5,631 | $7,741 |
| Broaddus | $509 | $509 | $509 | $509 | $509 |
| Brooks Cb | $1,053 | $1,053 | $1,053 | $1,053 | $1,053 |
| Celina | $11,560 | $15,419 | $19,083 | $21,143 | $22,116 |
| Collinsville | $729 | $2,003 | $3,578 | $5,160 | $7,379 |
| Cordonville | N/A | N/A | N/A | N/A | N/A |
| Denison | $1,086 | $2,202 | $3,560 | $5,416 | $7,870 |
| Dension | N/A | N/A | N/A | N/A | N/A |
| Denson | N/A | N/A | N/A | N/A | N/A |
| Dorchester | $553 | $725 | $1,722 | $3,141 | $8,811 |
| Gainesville | $1,948 | $3,185 | $5,073 | $5,320 | $8,075 |
| Gordonville | $328 | $664 | $1,509 | $2,736 | $5,852 |
| Gunter | $2,121 | $3,832 | $8,397 | $12,760 | $15,944 |
| Howe | $358 | $1,675 | $3,917 | $6,069 | $7,787 |
| Knollwood | N/A | N/A | N/A | N/A | N/A |
| Lull | $3,223 | $3,223 | $3,223 | $3,223 | $3,223 |
| Pilot Point | $183 | $238 | $1,392 | $4,243 | $7,285 |
| Pottsboro | $460 | $1,320 | $3,087 | $5,914 | $9,099 |
| Sadler | $490 | $1,201 | $2,395 | $4,796 | $7,444 |
| Savoy | $1,119 | $2,622 | $3,570 | $4,914 | $5,650 |
| Sherman | $1,120 | $2,413 | $4,040 | $6,177 | $8,423 |
| Southmayd | $366 | $943 | $1,726 | $3,537 | $4,717 |
| Tioga | $1,468 | $3,166 | $5,356 | $7,687 | $10,731 |
| Tom Bean | $719 | $2,224 | $3,623 | $5,011 | $6,535 |
| Trenton | $1,770 | $2,948 | $4,597 | $6,210 | $9,639 |
| Van Alstyne | $1,784 | $4,128 | $7,115 | $9,603 | $12,676 |
| Whitesboro | $881 | $1,910 | $3,232 | $4,968 | $6,925 |
| Whitewright | $764 | $1,861 | $3,390 | $5,267 | $7,327 |
Source: Ownwell
$1,148
Average Grayson County Tax Savings
Save on your property taxes & more with Ownwell.
Want to lower your Grayson County property taxes?
Looking to reduce your Grayson property taxes? Ownwell is the leading property tax protest company serving Grayson. We specialize in helping property owners in the Sherman area and beyond lower their taxes by working directly with the Grayson Appraisal District. Through our tax monitoring service, we collect all necessary information to maximize your tax reductions. We navigate the complexities of the Grayson property tax protest process and identify all available property tax exemptions so you don’t have to. Whether you are a homeowner, a real estate investor, or an asset manager, our local team at Ownwell has the expertise to assess your current property tax situation and identify strategic opportunities for reducing your tax burden. By managing the protest process from beginning to end, we not only simplify the procedure but also increase your chances of obtaining a favorable result. Let Ownwell be your trusted partner in lowering your Grayson property tax expenses through our proven strategies and expert advocacy.
Property Tax Protests in Texas
Homeowners in Grayson County, TX, have the opportunity to appeal their property tax assessments if they believe their property has been over-assessed. The process begins with the homeowner filing a formal protest with the Grayson County Appraisal District. This must be done within a specified timeframe, typically by May 15th or within 30 days of receiving the assessment notice, whichever is later. Once the protest is filed, the homeowner will be scheduled for a hearing before the Appraisal Review Board (ARB). The ARB is an independent panel of citizens who listen to appeals and make determinations based on the evidence presented. During the hearing, homeowners can present their case, which may include recent sales data of comparable properties, photographs, and any other documentation that supports their claim of over-assessment. The potential outcomes of an appeal can vary. If the ARB finds the evidence compelling, they may decide to lower the assessed value of the property, which in turn would reduce the property tax bill. If the board does not find sufficient evidence to support the homeowner’s claim, the assessed value will remain unchanged. Navigating the property tax appeal process can be complex and time-consuming. This is where Ownwell can be of significant assistance. Our team of experts is well-versed in the intricacies of property tax laws and the appeal process. We help homeowners gather the necessary documentation, prepare a compelling case, and represent them during the ARB hearing. By leveraging our expertise, homeowners can increase their chances of a successful appeal and potentially save thousands on their property tax bills.
Exemptions in Texas
Grayson County in Texas offers several property tax exemption programs designed to provide financial relief to eligible homeowners. One of the most significant exemptions is the Homestead Exemption, available to homeowners who use the property as their primary residence. This exemption reduces the taxable value of the home, resulting in lower property taxes. Another key exemption is the Over-65 Exemption, which benefits senior citizens. Homeowners aged 65 or older can qualify for this exemption, which provides additional reductions in the taxable value of their property. This can significantly ease the financial burden on seniors living on fixed incomes. Disabled individuals can also benefit from the Disability Exemption, which offers tax relief to those who meet specific disability criteria. This exemption helps to lower the property tax bills for individuals with disabilities, making homeownership more affordable. Veterans and their surviving spouses may be eligible for the Disabled Veteran Exemption, which provides substantial tax reductions based on the veteran's disability rating. This program acknowledges the sacrifices made by veterans and offers them meaningful financial support. Homeowners in Grayson County can apply for these exemptions by submitting the required forms and documentation to the county appraisal district. Ownwell can assist homeowners in navigating this process, ensuring they take full advantage of the available exemptions. With expert guidance, Ownwell helps homeowners maximize their savings and reduce their property tax burdens effectively.
Available Exemptions
Senior
Disabled
Home Stead
Veteran
Solar/Wind
Non-Profit
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Grayson Appraisal District | |
| Website | esearch.graysonappraisal.org |
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